PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

Cards 100

Cards ATM Security National 100

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. It said it learned of it on Sept.

Cyber Security 122

Cyber Security Security Cards Resources 122

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. ” The U.S.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. Users can simply ask Siri to send money to contacts, with funds withdrawn from a virtual debit or credit card.

Trends 125

Trends Apple Cyber Security Analysis 125

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

Payments Source

NOVEMBER 7, 2018

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, according to a Federal Investigation Agency official in Pakistan.

Cards 62

Cards Data Payments Cyber Security 62

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

FICO

DECEMBER 12, 2022

Some of the patents granted this year that are most meaningful to me include: “Visualization for Payment Card Transaction Fraud Analysis,” which relates to a computer-implemented method and system for visualizing payment card transactional fraud analysis. The People Who Inspire Me. Scott received his Ph.D.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Gonzobanker

NOVEMBER 17, 2016

The underlying theme my Cornerstone compadres and I picked up over the four-day event was the financial industry’s growing resolve to create “frictionless, personalized payments.” Retailer perspective sessions emphasized improving the consumer’s buying experience versus the payment experience.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Payments Source

MAY 29, 2018

But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches. A direct correlation between the chip migration and rampant merchant data breaches is hard to prove.

Data 67

Data Compliance Security Retail 67

Payments Source

APRIL 13, 2018

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Data 64

Data Cards Payments Technology 64

Payments Source

NOVEMBER 4, 2018

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Fraud 97

Fraud Security Tools Cyber Security 97

Payments Source

JULY 15, 2019

The bank is taking a concept that has worked for years in the credit card world — artificial-intelligence-based fraud detection — and applying it to corporate customers' transactions.

Fraud 80

Fraud Payments Cards Cyber Security 80

PYMNTS

DECEMBER 16, 2016

By boosting the Fed funds rate for the first time in a year, all sorts of attendant interest rates are going to be on the upswing, from mortgage rates to auto loans to — well — vanilla, standard loans and credit card rates. Two words: Cashless payments. So Now What?

Data 100

Data Security Cyber Security Retail 100

FICO

MAY 2, 2019

As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

AUGUST 23, 2017

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. Those sites are then duped into shipping out merchandise purchased using stolen credit card data.

Mobile 102

Mobile San Francisco Tools Security 102

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. Barcode-Based Mobile Payments. The app will allow users to scan their prescription barcodes, which will trigger a cloud-based payment.

Lending 100

Lending Apple Cards Study 100

Payments Source

AUGUST 17, 2018

Financial institutions are hoping to get ahead of the growing and seemingly insurmountable problem of payment card fraud not just by looking at who cyber-attackers are going after currently but who they are likely to defraud in the near future.

Fraud 104

Fraud Cards Payments Cyber Security 104

Payments Source

MARCH 12, 2019

The past six years have been a whirlwind for King, who had no experience in the payments industry before becoming CEO of Featurespace, the fast-growing U.K. startup enabling banks to use machine-learning technology to block payment card fraud.

Fraud 71

Fraud Cards Industry Payments 71

Payments Source

NOVEMBER 3, 2017

Jeanne Tisinger spent three decades working at the CIA, where her most recent position was deputy director overseeing the agency’s physical and cybersecurity and information technology spanning more than 100 countries.

Security 64

Security Technology Cyber Security Online 64

Payments Source

SEPTEMBER 30, 2018

Visa is pursuing the online criminals to prevent future fraud. Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation.

Fraud 106

Fraud Cards Online Cyber Security 106

Banking 2020

NOVEMBER 24, 2015

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9

Fraud 40

Fraud Cards Cyber Security System 40

NCR

JUNE 23, 2017

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion billion by 2020. Services Expanding the Threat Landscape.

Fraud 45

Fraud Cyber Security social media Analytics 45

FICO

FEBRUARY 2, 2017

Credit card fraud has been around for decades, although it has declined very significantly since FICO® Falcon® Fraud solutions were introduced in the early 1990s. Finally, wearables that can be used to make payments are vulnerable on both fronts: financial data and physical security. New technology creates new risks.

Cyber Security 40

Cyber Security Security Data Fraud 40

FICO

JANUARY 30, 2017

I talked about using the FICO fraud data consortium to determine when data shifts can invalidate the models and, more menacing, when these shifts reveal subtle new fraud patterns that can indicate the work of fraudsters and cyber criminals, who know how to go “low and slow” to evade detection.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . It’s the same situation with cybersecurity.

Analytics 49

Analytics Fraud Compliance Comparison 49

Payments Source

AUGUST 27, 2018

In the same way a card skimmer steals credentials at an ATM, gas pump or point-of-sale terminal, the Magecart malware hides beneath the surface of a website with a digital skimmer to obtain card and personal information.

ATM 63

ATM Cards Cyber Security Online 63

Payments Source

JUNE 8, 2020

Banks and prepaid card providers have played an unwitting role in scams that have stolen billions of dollars from state unemployment insurance programs, whose payouts soared after coronavirus shut down the economy.

Fraud 64

Fraud Cards Cyber Security Security 64

Payments Source

JULY 30, 2019

Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught via a responsible disclosure program run by the bank.

Capital 68

Capital Data Cards Cyber Security 68

Payments Source

APRIL 5, 2019

housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found. Facebook Inc.

Groups 69

Groups Tools Cards Online 69

Payments Source

APRIL 23, 2019

Mastercard is expanding its Girls4Tech education outreach program with new partnerships, and tightening the focus on subjects broadly in demand in the payments industry.

Industry 94

Industry Payments Cyber Security Cards 94

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy. The Turning Point.

Policies 40

Policies Security ATM System 40

American Banker

DECEMBER 6, 2021

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Fraud 77

Fraud Payments Cyber Security Cards 77

NCR

DECEMBER 7, 2016

Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’ AI also looks set to make its mark in the payments sector. More than two-thirds (67 per cent) predicted higher adoption of these technologies by banks to boost payment efficiency over the next two years.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Tomorrow's Transactions

APRIL 25, 2016

I don’t doubt the film rights have already been snapped up, because at the trial it was revealed that the pensioner perps included a look out who fell asleep, a deaf point-man and a gang that travelled using OAP Oyster cards. Friction-free payments have risks. Matching the friction to payment makes complete sense.

Bitcoin 30

Bitcoin System Fraud New York 30

Fintech Labs Insights

NOVEMBER 18, 2015

Arxan announces Cyber Security scholarship program. Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card. Let’s Talk Payments interviews Hyperwallet CEO, Brent Warrington. New Relic Now Lets Developers Dive Deeper Into Their Analytics.

San Francisco 12

San Francisco Cyber Security New York Conference 12

Payments Source

MARCH 11, 2020

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

Cyber Security 127

Cyber Security Fraud Cards Security 127